It Costs a Producer $400 to Manufacture a Product That

Multiple Choice

It costs a producer $400 to manufacture a product that is distributed through wholesalers and retailers.The markups at the producer,wholesaler,and retailer levels are 20 percent,20 percent,and 50 percent,respectively.The wholesaler's selling price for the product is ________,and the retailer's selling price is ________.

A) $625; $1,250
B) $576; $864
C) $480; $576
D) $500; $625
E) The amounts cannot be determined from the information provided.